E6.1 This information relates to Rice Co.

1. On April 5, purchased merchandise from Jax Company for $28,000 on account.
2. On April 7, purchased equipment on account for $30,000.
3. On April 8, returned $3,600 of April 5 merchandise to Jax Company.
4. On April 15, paid the amount due to Jax Company in full.

Instructions

Prepare a tabular summary to record the transactions listed above for Rice Co. using a perpetual inventory system.